Alphabet and Google CFO Ruth Porat's president and chief investment officer roles will involve managing units including GV and CapitalG.
Ruth Porat, senior vice president and chief financial officer of internet technology provider Google and its parent firm Alphabet, will assume the president and chief investment officer roles in September.
Porat has been Alphabet and Google’s CFO since 2015, having held a similar role at investment bank Morgan Stanley from 2010 prior to that. She led Google’s second-largest acquisition last year, the $5.4bn purchase of cybersecurity company Mandiant.
Her new positions will entail managing the company’s strategic units, including venture capital and growth equity units GV and CapitalG, in addition to Access, Calico, Nest, Verily, Waymo and X. Porat will continue to report to Alphabet CEO Sundar Pichai.
Porat said in a statement: “To be able to focus on the impact of economic growth and the opportunity for people, for organisations, for countries, I think is a privilege.”
